Generating univariate fractional integration within a large VAR(1)

A-Tier
Journal: Journal of Econometrics
Year: 2018
Volume: 204
Issue: 1
Pages: 54-65

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper shows that a large dimensional vector autoregressive model (VAR) of finite order can generate fractional integration in the marginalized univariate series. We derive high-level assumptions under which the final equation representation of a VAR(1) leads to univariate fractional white noises and verify the validity of these assumptions for two specific models.

Technical Details

RePEc Handle
repec:eee:econom:v:204:y:2018:i:1:p:54-65
Journal Field
Econometrics
Author Count
3
Added to Database
2026-01-25